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Thousands of Intel Israel employees to lose company cars

hist78

Well-known member

I have to say Intel is really in a very different class of company in terms of providing company cars to employees.

"Intel Israel is continuing to impose new cuts as part of its streamlining plan. Sources familiar with the matter have told "Globes" that several thousand of the company's 11,000 employees in Israel have received notice that the company is halting its car leasing program. Consequently thousands of Intel Israel employees will be required to forgo their company cars and find alternative forms of transport."

 
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I have to say Intel is really in a very different class of company in terms of providing company cars to employees.

"Intel Israel is continuing to impose new cuts as part of its streamlining plan. Sources familiar with the matter have told "Globes" that several thousand of the company's 11,000 employees in Israel have received notice that the company is halting its car leasing program. Consequently thousands of Intel Israel employees will be required to forgo their company cars and find alternative forms of transport."

In my past experience, providing company cars to employees is common in Israel.
 
They also get gasoline cards and meals. Israel's income tax is high compared to the US (the 50% bracket starts at about the equivalent of US$196K, and company-provided benefits are not taxed, so it's a corporate custom there to provide special benefits.
 
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